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Nasty Peugeot intervention

Old 05-10-12, 09:15 AM
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Nasty Peugeot intervention

Saw this ad on cl:

Magenta Peugeot Road Bike 63cm Tall - $150 (spoval)
Date: 2012-05-07, 9:01AM PDT
Reply to: ccjhv-3001184754@sale.craigslist.org [Errors when replying to ads?]
Been riding this bike everywhere. Recently broke the right shifter so no shifting while riding. you can shift using a screwdriver to adjust the derailer when u r off the bike. I can show u. I have extra shifters for it but they are the original simplex. Rode around bloomsday yesterday--received some praise on the bike. It's pretty tall so id say u should be 6' for taller. I have more pics too. Call or text me 509-499-1595

https://images.craigslist.org/5U45He5...63d5e21c5c.jpg "

So, I wrote the seller:

" I'm afraid that I have to ask this question: are you serious about the price?

I only ask because of these issues that I can see, just from the fuzzy pictures you have in your advertisement:

1. the bike has cottered cranks, very obsolete technology and very very heavy
2. the brake cable housings, and presumably the cables, are totally shot and have to be replaced
3. the bottom bracket, headset, and wheels probably haven't been serviced in 20 years, at best, a lot of time required to fix
4. can't make it out, but, the paint is probably shot, will have to be repainted.

Not to mention the shifters, the front derailleur, and rear derailleur...

all that to say, the bike is worth MAYBE $25 to me.

Regards "

His answer:

" $150 is top dollar for sure. have u ever seen a purple peugeot though? U are correct that to bring it up to showroom condition it would take some work. I just sold this exact bike (blue) today in seattle for $140. Wasnt in much better shape. i did replace the shift lever and the jockey wheels on the blue bike. if i find an oem shifter for the purple bike im 95% certain it will sell for $95+. I also have a red peugeot fixie conversion for sale in seattle. Sold my yellow one last summer for $175. Crusty white one sold for $90.
I understand the bike is only worth $25 to you. Until last year it would have only been worth that to me as well. I think we are experiencing a bike price bubble. its next to impossible to find a ready to ride road on cl for under $100. i remember selling decent bikes for $60 just a few years ago. This year ive sold schwinn varsities for $100. I think demand for vintage steel is greater than supply or theres something i dont know and im going to regret selling off my bike collection in a few years.
Let me know your thoughts on the bike market and thanks for the email. "

What do you think? Am I the only one who thinks you should wait until the bike is ride-able before selling it? Is the market as insane as this seller thinks?
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Old 05-10-12, 09:21 AM
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Just estimate what it will cost you to fix it up, subtract that number from what you'd be willing to pay for the bike in fixed up condition. The result is what you're willing to pay. Offer that amount.

If he won't drop the price to what you're comfortable with, don't buy it. Easy as that.
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Old 05-10-12, 09:25 AM
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I recently moved to Des Moines and I've been keeping an eye on craigslist. There are a lot of sellers who think that the market is insane and are asking top dollar for beat up bikes. Since their bikes keep popping up on craigslist, it is clear that the market is rational but the sellers are not. In any case, there are reasonable deals to be had but you have to be patient.
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Old 05-10-12, 09:30 AM
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Originally Posted by lostarchitect View Post
Just estimate what it will cost you to fix it up, subtract that number from what you'd be willing to pay for the bike in fixed up condition. The result is what you're willing to pay. Offer that amount.

If he won't drop the price to what you're comfortable with, don't buy it. Easy as that.
Well, that's all good if that's all I was up to. The more important issue is that this seller is off base, and I was calling him on it.
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Old 05-10-12, 10:06 AM
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Originally Posted by anixi View Post
Well, that's all good if that's all I was up to. The more important issue is that this seller is off base, and I was calling him on it.
Why bother? Their delusion is usually quite deep seated. For some reason this is especially true with old Peugeots, which are routinely misidentified, believed to be some rare find, and priced over the moon. If they're half sensible the market will eventually correct their delusions. If they're lucky, some fool will buy it for way too much. Let's hope they're not lucky. But talking sense to these sellers is like hitting your head against a wall repeatedly.
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Old 05-10-12, 10:16 AM
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Originally Posted by Poguemahone View Post
Why bother? Their delusion is usually quite deep seated. For some reason this is especially true with old Peugeots, which are routinely misidentified, believed to be some rare find, and priced over the moon. If they're half sensible the market will eventually correct their delusions. If they're lucky, some fool will buy it for way too much. Let's hope they're not lucky. But talking sense to these sellers is like hitting your head against a wall repeatedly.
Good point Pogue! When will I stop thinking that people can be "educated"? It sure hasn't worked for the last 5,000 years, why suppose we can change human nature?
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Old 05-10-12, 10:47 AM
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Between this and the Viscount, you're not gonna get anywheres. Time that could better be spent doing practically anything.

I have a dog that was badly abused for about six years. He's become a very nice dog-- he was feral (and awful) when we found him-- but when he's asleep I let him sleep. Some craigslist sellers just need to be left alone at times, just like little Willy. They can learn, maybe, but they prolly need to make their own mistakes.
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Old 05-10-12, 12:35 PM
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Originally Posted by anixi View Post
Well, that's all good if that's all I was up to. The more important issue is that this seller is off base, and I was calling him on it.
I agree with Pogue, there's no point.
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Old 05-10-12, 12:39 PM
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I saw that same ad. I laughed to myself when i saw the cottered cranks and the description.

Whenever a seller is selling something for an extremely ridiculous price, I generally think that they are in love with their item too much and won't bargain at all or they are professional sellers looking for an idiot and will bargain very little. That is what happened to that Univega frame that I was looking at, you probably saw that ad too. Guy was too much in love with his frame and was totally unwilling to bargain at all after my initial offer. He didn't even say something like "Well i will come down to 80 but that is". Just no thanks.. Too in love with the frame still.

I tend to just ignore those kind of ads and stick with the ones where items are more reasonably priced.

As for waiting for a bike to be ride-able before selling? No way!! I love cheap fixer-upper bikes!
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Old 05-10-12, 12:53 PM
  #10  
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Originally Posted by bobotech View Post
I saw that same ad. I laughed to myself when i saw the cottered cranks and the description.

Whenever a seller is selling something for an extremely ridiculous price, I generally think that they are in love with their item too much and won't bargain at all or they are professional sellers looking for an idiot and will bargain very little. That is what happened to that Univega frame that I was looking at, you probably saw that ad too. Guy was too much in love with his frame and was totally unwilling to bargain at all after my initial offer. He didn't even say something like "Well i will come down to 80 but that is". Just no thanks.. Too in love with the frame still.

I tend to just ignore those kind of ads and stick with the ones where items are more reasonably priced.

As for waiting for a bike to be ride-able before selling? No way!! I love cheap fixer-upper bikes!
You're right, as usual Bobo. Otherwise, we'd be out of business I guess...
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Old 05-10-12, 01:58 PM
  #11  
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I don't think you can win playing CL police. If someone has it in his mind his bike it valuable he will want that kind of money no matter what.



But I do agree, the bike just does not look safe sitting there.
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Old 05-10-12, 03:04 PM
  #12  
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Portland OR is supposedly a pretty hot market, and here I think that bike would fetch at most $80, and then you'd need to find someone (1) tall like 6 foot 4 inch (2) who was going to DIY the cables/housing, lever, and overhaul and (3) already had cables, housing, and extra Simplex levers laying around . . . kind of a needle in haystack sort of buyer. It is a cute grape color, though, for all the 6 foot 4 inch girls out there.

(ooo, ooo, sexist remark alert)
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Old 05-10-12, 10:10 PM
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I wouldn't say that bike is top dollar. There's a regular on Craigs Denver that sells vintagy frames like that for $150 and up. I've been watching his ads for turnover, and he apparently is selling quite a few at that price.
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Old 05-10-12, 11:03 PM
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Originally Posted by jyl View Post
Portland OR is supposedly a pretty hot market, and here I think that bike would fetch at most $80, and then you'd need to find someone (1) tall like 6 foot 4 inch (2) who was going to DIY the cables/housing, lever, and overhaul and (3) already had cables, housing, and extra Simplex levers laying around . . . kind of a needle in haystack sort of buyer. It is a cute grape color, though, for all the 6 foot 4 inch girls out there.

(ooo, ooo, sexist remark alert)
Actually, I just sold a 64cm Schwinn World Sport to a 6'4" gal the other day! How's that for co-inky-dink?
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Old 05-11-12, 06:39 AM
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There's nothing wrong with free enterprise. I've sold worse bikes for more money. You're wasting your time trying to be a CL cop.
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Old 05-11-12, 06:57 AM
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Originally Posted by anixi View Post
Well, that's all good if that's all I was up to. The more important issue is that this seller is off base, and I was calling him on it.
I sell quite a few things and I'll be honest when ever I get 'called' on an item I generally assume that the person who is doing the 'calling' is either out to get something at rock bottom price, or is assuming the price I'm asking is the price I want, or think I will get.

It sounds like this guy has flipped a few bikes - he throws them up for money that people are willing to part with for something with a bit of sentimental value at the start of the summer with aspirations to get fit yadda yadda yadda. Probably does alright out of it as well.

Bottom line IMO, if the price isn't what you want to pay - make an offer or walk away. Then do what every one else does and tell your mates about the crazy money someone was asking for what ever item.
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Old 05-11-12, 08:31 AM
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1. In my experience, Peugeots sell high, even bottom end ones. It will bring more than $25, and could bring $100. Would I pay that? No.

+1 free enterprise, sellers are free to ask any price. Personally, I appreciate over priced sellers, as it makes my stuff look like a smokin hot deal.
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Old 05-11-12, 11:21 AM
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Originally Posted by wrk101 View Post
Personally, I appreciate over priced sellers, as it makes my stuff look like a smokin hot deal.
^^^^^^^^
This, exactly.
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Old 05-11-12, 04:33 PM
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I think the guy gave you a well reasoned and thoughtful response to your email. I certainly don't read any offensive remarks within his response. He thinks he can get more, you think it's worth less. It's his bike, so he has the "say" in the negotiations. And there is no CL rule that say pricing is negotiable. I would thank him for his words, wish him good luck, and tell him if he changes his mind on the price to let you know. Chances are very slim that he will contact you, but it's a civil ending to the impasse.
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Old 05-11-12, 05:02 PM
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Originally Posted by uncle uncle View Post
I think the guy gave you a well reasoned and thoughtful response to your email. I certainly don't read any offensive remarks within his response. He thinks he can get more, you think it's worth less. It's his bike, so he has the "say" in the negotiations. And there is no CL rule that say pricing is negotiable. I would thank him for his words, wish him good luck, and tell him if he changes his mind on the price to let you know. Chances are very slim that he will contact you, but it's a civil ending to the impasse.
+1

When I read your message, I was expecting a harsh response. I was pleased to see that he responded appropriately. Although I disagree with the seller's evaluation, I enjoyed reading his reasoning. Knowing what people spend on project bikes, it wouldn't surprise me if he sold it for $150. Just as there are delusional sellers, there are equally foolish buyers.

Even though I've been tempted many times to send an email to delusional sellers, I see it as being unproductive. Your assessment is correct, but so few people are willing to hear the truth. Knowing that to be true, I chuckle and move along.

I do find it interesting that I appraise my stuff higher than I appraise other seller's same stuff. When I sell, I want top dollar; when I buy, I want bottom dollar.
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